IG is one of the original CFD brokers, offering a comprehensive suite of trading tools and analysis features including stock screeners, heatmaps, ETF scanners and more. The platform is also constantly updated to reflect the latest market news and economic events. IG also offers access to a large number of markets including the UK stock exchange. Read more https://www.theinvestorscentre.co.uk/best-cfd-trading-platform-uk
Traders can choose to trade CFDs on the major currencies, a wide range of FTSE 100 stocks and commodities. CFDs allow traders to speculate on the price movements of these financial assets with the broker lending them the money for them to purchase (long) or sell (short) an asset on a leveraged basis. CFDs are complex instruments and come with a high degree of risk to your capital. Between 60-80% of retail investors lose money when they trade them.
Navigating Your CFD Journey: Top Platform Choices for CFD Traders
When choosing a CFD broker it is important to look for a FCA regulated provider as they will be required to follow strict guidelines to protect their clients from negative balance and the risks associated with leveraged trading. The FCA also ensures that your funds are kept separate from the brokers money and that you have access to the Financial Ombudsman service and the Financial Services Compensation Scheme in the event of a dispute with the broker.
eToro is an excellent choice for beginners as they offer a wide range of CFDs and are FCA regulated. Their platform is easy to use and offers a wide range of features including customisable stop loss orders, real-time alerts and a free copy trading feature that lets you trade on the live markets at no cost. They have low spreads on popular currency pairs and on FTSE 100 shares.